1 / 305-Unit Multifamily in Galveston, TX
Galveston County, TX · listed Jul 28, 2026 (92 days)
- $/unit
- $270,000
- ▲ 170% vs TX · 92nd pct
- Cap rate
- —
- Gross yield
- —
- Units
- 5
- 1 bldg · 1966
Financials
- Asking price
- $1,350,000
- Price per unit
- $270,000
- Price per sq ft
- $199
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 5
- Unit mix
- two beautifully finished 1-bedroom, 1-bathroom apartments, while the third floor features a spacious 2-bedroom, 2-bathroom unit
- Buildings
- 1
- Year built
- 1966
- Building size
- 6,798 sq ft
- Avg unit size
- 1,360 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 28, 2026
- Days on market
- 92 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1204
About this property
Own a premier mixed-use investment property in the heart of Downtown Galveston! This income-producing, three-story building offers the perfect blend of commercial and residential income streams, complete with valuable two-car garage. The property features approximately 2,750 square feet of fully leased office space on the first floor, occupied by multiple tenants and providing immediate income. Designed for a professional business environment, the commercial level offers soaring ceilings, three private offices, multiple conference and meeting rooms, and an efficient layout. Above the commercial space are three residential units (4,048 SqFt) all recently turned over and ready for lease. The second floor includes two beautifully finished 1-bedroom, 1-bathroom apartments, while the third floor features a spacious 2-bedroom, 2-bathroom unit with stunning views of Downtown Galveston.
Office Space & Residential Apartments all in One Building!
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Galveston, TXHigh yieldNew construction | $3.64M | $152K$152K | 9.2% |
Galveston, TX | $945K | $158K$158K | — |
Galveston, TXStabilized | $645K | $92K$92K | — |
Galveston, TX▼ 4% cutHigh yieldNew construction | $1.2M | $149K$149K | 9.3% |
Galveston, TXStabilized | $1.75M | $292K$292K | — |
Galveston, TX▼ 3% cutHigh yieldNew construction | $1.25M | $156K$156K | 9% |




